India GDP 6.9 % Big Drops, High inflation

[lamlap]

That’s the weakest expansion since the second quarter of 2009, and matches the median of 6.9 percent in a Bloomberg News survey of 24 estimates.


India GDP = 6.9%
China GDP = 9.1%

India inflation in October= 9.73%
China inflation in Octover = 5.5%


with inflation that’s almost twice the rate in China.
India GDP Growth Slows as Inflation Bites - Bloomberg



Will India break up?

 

[Lyrical Mockery]

a drop down in GDP doesn't mean India would break up! Where did you came up with that theory??

and why another Indo-China comparison thread.


MODS: we should have a sticky thread for all the Indo-china comparisons.

 

[lamlap]

a drop down in GDP doesn't mean India would break up! Where did you came up with that theory??

and why another Indo-China comparison thread.

Chetan Ahya, regional economist at Morgan Stanley, said before the report.

“ INDIA is a high risk of a long-persistent growth slowdown.”

 

[IndMaster]

Good job India.

 

[Chinese-Dragon]

Hmm... while the Indians were busy bashing us by starting so many threads... their economy was sinking down to 6.9%.

First Indians were talking about "catching up with China" (which would require much more than a double-digit growth rate, considering that the China's economy is already four times larger)... then they lowered their goal to just being able to sustain 10% at least for a few years in a row.

Now they are lowering their goal even further, and hoping for a return to 8% growth.

I guess the Indian obsession with China, is turning out to be a strategic advantage for us, instead of trying to beat our economy, they are simply hoping that we will collapse first and save them the effort. What a plan, now it is paying off with a collapse in their growth rate.

 

[Lyrical Mockery]

“There is a high risk of a long-persistent growth slowdown.”

where u came out with that break up thing?
india was virtually bankrupt at the end of the 80s, still it didn't broke up. A slow-down doesn't mean the economy will never gain momentum again. What we need are good policies.

 

[harshad]

6.9 % growth is a decent growth,dont know why one needs to hype it unless only for bashing

 

[Chinese-Dragon]

Good to know...Hope it dropx down to the core

Falling GDP growth combined with double-digit inflation?

Bad enough as it is.

 

[Punjabbi Munda]

Actually the inflation came down by 1.7% and the Oil prices are in for a cut for the second time in a month.So we are meeting are our target of reducing inflation.
While yes its a certain slowdown..China expects its economy to grow at 8-8.5% each and every country is facing a slowdown.
India is too,but it is relatively in a far better position(GDP growth) than any other country(except China of course).But a slowdown indeed and the government needs to get out of this sluggish behavior and find out ways to get the parliament working back on track.

 

[Lyrical Mockery]

wishful thinking. this is all i could say.

the govt. is coming up with policies to tackle such problems. and we'll be back on track sooner or later.

 

[lamlap]

6.9 % growth is a decent growth,dont know why one needs to hype it unless only for bashing

GDP 6.9% - inflation 9.73%

India real GDP = (-2.83%)

 

[Punjabbi Munda]

Falling GDP growth combined with double-digit inflation?

Bad enough as it is.

Dear Inflation has come down by 1.6% and you ll see how it falls in the next months..
Slow GDP growth rate less inflation..China followed the same model and the results are here
Inflation to fall sharply in next few months: PM - Business News - IBNLive

 

[Chinese-Dragon]

GDP 6.9% - inflation 9.73%

India real GDP = (-2.83%)

Incorrect buddy.

The GDP growth figure already takes inflation into account.

 

[Punjabbi Munda]

GDP 6.9% - inflation 9.73%

India real GDP = (-2.83%)

Are you an elementary kid pretending to be an economist?
Few months ago.
Indian GDP growth rate 8.5%,inflation about 12%
so,real GDP=-4%?
But still India overtook Russia and Canada in 6 months to become the 9th largest economy(nominal) and 4th largest PPP.
Fail logic kid.

 

[The HBS Guy]

It's a temporary slowdown.

The fundamentals of Indian economy remain as strong as ever.

Highly favourable demographics.

An ever-expanding middle class.

One of the largest congregation of English speaking people in the world.

A thriving and ever-growing crowd of young entrepreneurs.

A political class that remains committed to the process of economic reforms and economic growth.

This is just a temporary phase that will pass. Although, we have to work really hard.